Elizabeth Weymouth Named Chair of UVA Darden School Foundation Board of Trustees

An influential force in the fields of private equity and asset management, Elizabeth Weymouth (CLAS ’89, MBA ’94) is breaking new ground at the University of Virginia Darden School of Business. After completing terms as vice chair of the Darden School Foundation Board of Trustees and chair of its Investment and Engagement Committees, Weymouth is now the first woman in the board’s history to serve as chair.

Bob Hugin (MBA ’85)

She succeeds Jim Cooper (MBA ’84), senior managing partner at Thompson Street Capital Partners, who held the chair from 2014 to 2016. Bob Hugin (MBA ’85), executive chair of Celgene Corp., has been elected vice chair. Hugin and Weymouth will serve in their respective roles through 2018.

“It’s an extremely exciting time at the Darden School, and it is an honor to work with the board of trustees, Darden’s Dean Scott Beardsley and the entire Darden community as we support the School’s important mission and set the course for the future,” said Weymouth.

“We’re thrilled to move forward under the board leadership of Elizabeth and Bob,” said Beardsley. “Both are veteran leaders with deep commitments to institutional excellence and the Darden School, and we welcome their expertise as Darden pursues an ambitious strategic plan to advance the School’s global impact and stature.”

Weymouth was a partner at Riverstone Holdings LLC for 10 years from 2007–17 and was responsible for limited partner relations and capital raising. Over the past decade, she led the firm’s efforts to raise over $25 billion of incremental capital. Riverstone is an energy- and power-focused private investment firm with approximately $34 billion of capital raised.

Prior to joining Riverstone, Weymouth served as managing director and head of investments at J.P. Morgan Private Bank for the U.S. Northeast region, overseeing more than $80 billion in client assets. During her 13 years at J.P. Morgan, Weymouth served on the bank’s U.S. operating committee, global investment leadership team and fiduciary oversight committee.

She has served on the board of directors of Pattern Energy Group and Dynamic Offshore Holdings and is a member of the Council for Foreign Relations.

Based in New York City, Weymouth earned a bachelor of arts from UVA in 1989 and an MBA from Darden in 1994. A member of the Darden School Foundation Board of Trustees since 2007, she has also generously mentored students in Darden Capital Management, a student-run club whose members manage approximately $10 million in assets from the Darden School’s endowment. She is a visiting executive lecturer at Darden and teaches in the MBA classroom annually. Weymouth was inducted into UVA’s Raven Society in 2008.

Hugin, who joined Celgene in 1999, served as CEO prior to taking the executive chair position. Under his leadership, Celgene has grown into one of the leading global biopharmaceutical companies. He is a past chair of the board of Pharmaceutical Research and Manufacturers of America and serves on the boards of Danaher Corp., The Medicines Company, Atlantic Health System, Family Promise and Princeton University. Prior to joining Celgene, he was a managing director at J.P. Morgan & Co. and served as an officer in the United States Marine Corps.

Said Weymouth, “I am delighted to partner with Bob Hugin, who is an extraordinary leader. This is an especially important time at the University of Virginia as it prepares to celebrate its Bicentennial and to shape ambitious plans for its third century. We look forward to the opportunity.”

About the University of Virginia Darden School Foundation

The Darden School Foundation is a nonprofit organization that supports the Darden School by promoting philanthropic support from alumni, friends and corporations; managing endowment funds for the School’s exclusive benefit; and operating Darden’s top-ranked Executive Education program, the Inn at Darden and Abbott Center hospitality. Darden’s elected board of trustees oversees the Foundation’s strategies and gives time and advice, providing an important link between the academic and business communities.